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Sunday, November 27, 2005
25000 crores in Mumbai Building maddness.
I look around in mumbai and everywhere I see is new building constructions. The papers are full of advts of builders touting the latest amenities in the tallest of buildings. The building boom is evident in Pune, Gurgoan, Delhi and Bangalore where its thrashed the infrastructure.
I took up the saturday edition of property times from the Times of India (Nov 26th 2005) and did a quick data-analysis and came up with approximately 40k apartments which could be potentially for sale. I havn't analyzed New Bombay and beyond Thane and all the other buildings not listed but if you add those up, I think we might hit approximately 50k new apartments for sale.
If we can take the 10/20/30/40 rule for apt sizes and estimating that most apts are 2BHKs and next most are 3BHKs, 1 BHK'should be 3rd with 4 BHks as the least amount
1BHK = 10k * 20L = 2ooK L = 2000 crores
2bhk = 20k * 40L = 800k L = 8000 crores
3BHK = 15K * 60 L = 900k L = 9000 crores
4bhk = 5k * 120 L = 600k L = 6000 crores
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= 25000 crores
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If we add 20% as unlisted properties as 20% of the amount conservatively we can
reach 25000 + 5000 = 30000 crores rupees of real estate for sale in the next 2 years
Im befuddled by the numbers and wonder where I'm goofing up.
the table used for my analysis is below..
¶ 5:15 AM 0 comments
I look around in mumbai and everywhere I see is new building constructions. The papers are full of advts of builders touting the latest amenities in the tallest of buildings. The building boom is evident in Pune, Gurgoan, Delhi and Bangalore where its thrashed the infrastructure.
I took up the saturday edition of property times from the Times of India (Nov 26th 2005) and did a quick data-analysis and came up with approximately 40k apartments which could be potentially for sale. I havn't analyzed New Bombay and beyond Thane and all the other buildings not listed but if you add those up, I think we might hit approximately 50k new apartments for sale.
If we can take the 10/20/30/40 rule for apt sizes and estimating that most apts are 2BHKs and next most are 3BHKs, 1 BHK'should be 3rd with 4 BHks as the least amount
1BHK = 10k * 20L = 2ooK L = 2000 crores
2bhk = 20k * 40L = 800k L = 8000 crores
3BHK = 15K * 60 L = 900k L = 9000 crores
4bhk = 5k * 120 L = 600k L = 6000 crores
----------------------------------------------------------------
= 25000 crores
----------------------------------------------------------------
If we add 20% as unlisted properties as 20% of the amount conservatively we can
reach 25000 + 5000 = 30000 crores rupees of real estate for sale in the next 2 years
Im befuddled by the numbers and wonder where I'm goofing up.
the table used for my analysis is below..
| Builder | Name | Location | No Blds | Stories | Total Flats | 1 BHK | 2 BHK | 3 BHK | 4 BHK | Completion | Rate | No Of Apts | Total Apts | Terrace | Avg Wings | Flats/Floor | |
| K Raheja | Classique Complex | Andheri(w), New Link Road | 1.00 | 24.00 | 432 | N | Y | Y | N | N | 3 | 6 | |||||
| K Raheja | Palm Court Complex | Malad (w) - Adjoining Goregoan Sports Complex | 1.00 | 15.00 | 270 | N | Y | Y | N | N | |||||||
| AP Properties | Kanta Apts | SantaCruz(w) | 1.00 | 11.00 | 198 | N | N | N | Y | 30/10/2005 | N | ||||||
| AP Properties | Preetika Apts | Andheri(e),Powai | 1.00 | 9.00 | 162 | N | N | N | Y | Ready | N | ||||||
| AP Properties | Panchsmruti | Borivali(e) | 1.00 | N | Y | Y | Y | N | |||||||||
| Lokhandawala township | Highland | Kandivali(e) | 1.00 | N | Y | Y | N | N | |||||||||
| Lokhandawala township | Spring Leaf | Kandivali(e) | 1.00 | N | Y | N | N | N | |||||||||
| Lokhandawala township | Chrysalis | Vile Parle(W),Juhu Jagrati Marg | 1.00 | N | Y | Y | N | N | |||||||||
| Inder Tower A&B | Prabhadevi & Dadar | 1.00 | N | Y | Y | N | N | ||||||||||
| Aristo Reality DevelopersLtd. | Lloyds Estate wings e,f&g | Wadala(e) | 3.00 | 7.00 | 378 | N | Y | N | N | N | |||||||
| R.N.A builders | Royal Park | Kandavili (w) | 1.00 | 24.00 | 432 | N | Y | Y | N | N | |||||||
| R.N.A builders | R.N.A Azure | Bandra(e) | 1.00 | 14.00 | 252 | N | Y | Y | N | Y | |||||||
| R.N.A builders (NG) | NG Royal Park | KanjurMarg(e) | 11.00 | 19.00 | 3762 | N | Y | Y | N | Y | |||||||
| Ajemra Group | Shastri Nagar | Andheri (w) before Lokhandawala | 1.00 | N | Y | Y | Y | N | |||||||||
| M.S Shah | Nilgiri | Andheri(e) near international airport | 1.00 | 12.00 | 216 | Y | Y | N | N | N | |||||||
| Lashkaria | Green Towers | Andheri(w), Near Bhavans College | 1.00 | Y | Y | Y | N | N | |||||||||
| Monarch Constructions | Pacific Towers | Andheri(w) | 3.00 | 15.00 | 810 | Y | Y | P | P | N | |||||||
| Dynamics Group | Moksh | Malad (e) - Upper Govind Nagar | 1.00 | 8.00 | 144 | N | N | Y | Y | N | |||||||
| Royal Palms | Summit Apts | Goregoan | 1.00 | Y | Y | Y | N | N | |||||||||
| Divya Developments | Divya Smit | Kandivali(w),Mahavir Nagar | 1.00 | Y | N | N | N | N | |||||||||
| Divya Developments | Divya Siddhivinayak | Kandivali(w),Mahavir Nagar | 1.00 | N | Y | Y | N | N | |||||||||
| Divya Developments | Divya Smruti | Malad(w) | 1.00 | Y | Y | N | N | N | |||||||||
| Chiven Developers | Accord | Kandivali(w),Mahavir Nagar | 1.00 | Y | Y | N | N | N | |||||||||
| Lokhandawala township | Whispering Palms XX | Kandivali(e) | 1.00 | N | N | Y | Y | N | |||||||||
| Neelkanth | Palms | Thane(w),NR Tatvagyan Vidyapeeth | 1.00 | N | Y | Y | N | N | |||||||||
| Neelkanth | Heights | Thane(w),Pokhran Rd 2. | 1.00 | N | Y | Y | Y | N | |||||||||
| Kalpataru | Tarangan | Thane(w),Pokhran Rd 1. | 1.00 | N | Y | Y | N | N | |||||||||
| Rose builders | Lourdes Heritage | Malad(w) | 1.00 | 15.00 | 270 | N | Y | N | N | Dec O5 | N | ||||||
| Bhoomi builders | Bhoomi Park | Malad(w),Marve Road. | 1.00 | Y | Y | Y | N | Ready | N | ||||||||
| Bhoomi builders | Bhoomi Valley | Malad(w),Marve Road. | 1.00 | Y | Y | Y | N | N | |||||||||
| Happy Valley | Happy Valley | Thane(w) | 1.00 | N | Y | Y | Y | N | |||||||||
| Pride Park | Pride Park | Thane(w),Godbunder Rd. | 1.00 | N | Y | Y | N | JanO6 | N | ||||||||
| Shjree Tirupathi Green Fields | Symphony | Thane(w) | 1.00 | 18.00 | 138 | N | Y | Y | N | 138 | N | ||||||
| Kartik Constructions | Solitare | Thane(w) | 1.00 | N | Y | Y | N | N | |||||||||
| Sanghvi | Sanghvi Hills | Thane(w),Godbunder Rd. | 1.00 | 300 | Y | Y | Y | N | 300 | N | |||||||
| Mayuresh Srishti | Mayuresh Srishti | Bhandup(w) | 1.00 | Y | Y | Y | N | N | |||||||||
| Mayuresh Srishti | Mayuresh Srishti Park | Bhandup(w) | 1.00 | Y | Y | Y | N | N | |||||||||
| Mahadev Builders | Samarath Gardens | Bhandup(w) | 7.00 | 14.00 | 1764 | Y | Y | N | N | N | |||||||
| Choudhury Builders | MadhuBan | Chembur Nr TISS | 1.00 | 14.00 | 252 | Y | Y | Y | N | Ready | N | ||||||
| B.Raheja. | Belmonte | Mahim | 1.00 | N | |||||||||||||
| B.Raheja. | Windemere | Versova | 1.00 | N | |||||||||||||
| B.Raheja. | Park Plaza | Versova | 1.00 | N | |||||||||||||
| B.Raheja. | Brook Haven | Jogeshwari | 1.00 | N | |||||||||||||
| B.Raheja. | Iris Park 56681111 | Jogeshwari | 1.00 | N | |||||||||||||
| K.Raheja | Maple Leaf. 9820880021, / 9820880023. | Andheri(e),Chandivili. | 1.00 | 12.00 | 216 | N | Y | P | P | N | |||||||
| Evershine Builders | Evershine City AvenueII. /2460883 | Vasai(e) | 1.00 | Y | Y | N | N | N | |||||||||
| Evershine Builders | Crown | Kandivili(e) | 2.00 | 34.00 | 1224 | N | N | Y | N | N | |||||||
| Evershine Builders | EMParadise. 28854246 | Kandivili(e), Thakur Village. | 1.00 | N | N | Y | N | Ready | N | ||||||||
| Evershine Builders | Cosmic | Andheri(w), Oshiwara | 3.00 | 26.00 | 1404 | N | Y | Y | Y | N | |||||||
| Evershine Builders | Sapphire | Andheri(e),Chandivili. | 1.00 | 19.00 | 342 | N | Y | Y | Y | N | |||||||
| Hiranandani Builders | Meadows-Meredian | Thane(w),Pokhran Rd 2. | 1.00 | 27.00 | 486 | N | N | Y | N | N | |||||||
| Hiranandani Builders | Meadows-Ixora | Thane(w),Pokhran Rd 2. | 1.00 | 27.00 | 486 | N | N | N | Y | N | |||||||
| Hiranandani Builders | Meadows-Mayflower. | Thane(w),Pokhran Rd 2. | 1.00 | 26.00 | 468 | N | Y | N | N | N | |||||||
| Hiranandani Builders | Meadows-Buttercup. | Thane(w),Pokhran Rd 2. | 1.00 | 27.00 | 486 | N | Y | N | N | N | |||||||
| Hiranandani Builders | Hiranandani Gardens,Somerset. | Powai.. 9819500117/9820394289 | 1.00 | 30.00 | 540 | N | N | N | Y | N | |||||||
| Hiranandani Builders | Hiranandani Gardens,Torino. | Powai | 1.00 | 37.00 | 666 | N | N | Y | N | N | |||||||
| Hiranandani Builders | Hiranandani Gardens,Octavius | Powai | 1.00 | 36.00 | 648 | N | N | Y | Y | N | |||||||
| Hiranandani Builders | Hiranandani Gardens,Eldoro | Powai | 1.00 | 27.00 | 486 | N | Y | Y | N | N | |||||||
| Hiranandani Builders | Hiranandani Estate - Bloomingdale | Thane(w) - Patlipada | 1.00 | 22.00 | 396 | N | N | Y | N | N | |||||||
| Hiranandani Builders | Hiranandani Estate - Fiona | Thane(w) | 1.00 | 27.00 | 486 | N | N | Y | N | N | |||||||
| Hiranandani Builders | Hiranandani Estate - Evelina | Thane(w) | 1.00 | 27.00 | 486 | N | N | N | Y | N | |||||||
| Hiranandani Builders | Hiranandani Estate - Villa Royale | Thane(w) | 1.00 | 14.00 | 252 | N | Y | N | N | N | |||||||
| Damji Shyamji | Mahavir Trinkets | KanjurMarg(w) Off LBS Rd | 1.00 | 15.00 | 270 | Y | Y | N | N | DecO5 | N | ||||||
| Damji Shyamji | Mahavir Classik | Saki Vihar | 1.00 | 12.00 | 216 | Y | Y | N | N | DecO5 | N | ||||||
| Vijay Group | Annexe | Thane (w) - Ghodbunder Rd. | 1.00 | N | Y | Y | N | N | |||||||||
| Vijay Group | Vatika | Thane (w) - 9819899981 | 1.00 | Y | N | N | N | N | |||||||||
| Vijay Group | Enclave | Thane (w) - 9819899982 | 1.00 | N | Y | N | N | N | |||||||||
| Vijay Group | Garden | Thane (w) | 1.00 | Y | Y | N | N | N | |||||||||
| Vijay Group | Park | Thane (w) | 1.00 | Y | N | N | N | N | |||||||||
| Vijay Group | Vilas | Thane (w) | 1.00 | N | Y | Y | N | ||||||||||
| Cosmos Group | Cosmos Park | Thane (w) | 8.00 | 7.00 | 1008 | Y | Y | N | N | ||||||||
| Cosmos Group | Cosmos Park | Thane (w) | 1.00 | 12.00 | 216 | Y | Y | N | N | ||||||||
| 20562 | |||||||||||||||||
| 37 bldsg with avg story size 15(for unknowns) * P2 *Q2 | 22200 | ||||||||||||||||
| 42762 |
